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• 7. Year 2001 HRA Budget & Levy Resolution <br />Attached to this memo you will find the following information regarding <br />the year 2001 HRA Budget: <br />• Budget worksheet — HRA revenue projections <br />• Budget worksheet — HRA projected expenditures <br />There are three separate budgets for the economic development <br />department including: <br />• General Fund <br />Economic Development Authority <br />Housing & Redevelopment Authority <br />Dollars from all three sources has been, and continues to be necessary to <br />balance the department's budget. Revenues are estimated at a 6% growth <br />in market value for year 2001. <br />The only expenses proposed to be shared by all three categories include <br />full time and part time salaries and benefits — to be divided among the <br />three categories as follows: <br />• • General Fund — 20% <br />• EDA — 60% <br />• HRA — 20% <br />Other common office and operating expenses are proposed only to be <br />shared by the EDA (75%) and the HRA (25%). These line item <br />administrative expenses are as follows: <br />• Office supplies <br />• Legal fees (sometimes) <br />• Telephone <br />• Postage <br />• Travel, conferences and schools <br />• Publishing <br />• Dues and subscriptions <br />• Miscellaneous <br />As in previous years, the HRA makes a one time transfer to the EDA at <br />the end of year 2001 to cover 25% of the expenses in these line item <br />categories. Staff estimates these costs as follows: <br />is • Total administrative expenses assigned to HRA $ 6,500 <br />